Author: Anne
Reviewer: Dreams Come
recently, according to media reports, the Yangtze River car has begun to enter bankruptcy liquidation. At present, there are very few employees left in the factory. Except for the employees who produce passenger cars, most of the other employees have left. Even if employees who produce passenger cars still go to work normally, there are not many orders left.
Yangtze River Automobile is in bankruptcy and liquidation
The Yangtze River Automobile of the year was a glorious moment. The time has returned to five years ago. Yangtze River Automobile is the second car company in the country to obtain "dual qualification". Its parent company is Wulong Electric Vehicle, a Hong Kong-listed company. A reporter came to the headquarters of the Yangtze River Automobile Company. On the surface, everything was still running in an orderly manner. The parking lot was full of cars, and employees would shuttle in the industrial park from time to time.
However, because the company is in the period of bankruptcy and liquidation, the park is heavily guarded. According to the doorman, no one can enter unless directed by the company's leadership. Even if you can enter the industrial park, many offices and other office premises are locked, and you can't see the specific state of the interior. It is understood that relevant lawyers and court staff have been stationed in the Yangtze River Automobile Company, and the bankruptcy liquidation work is in progress.
Yangtze River Automobile burned out 5.1 billion in 4 years.
At 5:30 pm that day, the employees of the industrial park began to walk out of the production workshop. According to the reporter's visit, Changjiang Automobile and Changjiang Passenger Vehicle belong to different companies. At present, Changjiang Automobile is undergoing bankruptcy liquidation, Changjiang Passenger Vehicle is still operating normally, and the company's orders are continuing to be shipped. At the beginning of this year, due to the impact of the new crown epidemic, employee wages were once suspended. It was only after August that normal operations resumed and employees’ salaries resumed.
For Yangtze Motor Company, from ordinary employees to company executives, it has been close to a year that they have not received wages. Related personnel said that all employees are waiting for the bankruptcy liquidation result, so that they can get their own salary. And related compensation. According to relevant data, Changjiang Motor's predecessor was the Hangzhou Bus Factory. Later, due to poor management, the company was on the verge of bankruptcy. With the capital injection of the Hong Kong-listed company Wulong Electric Vehicle, the company was successfully reorganized and Changjiang Motor was officially born. It is reported that Yangtze River Automobile has some connections with Li Ka-shing. One of the three shareholders of its parent company Wulong Electric Vehicle is Li Ka-shing.
In order to develop new energy vehicles, Wulong Electric Vehicles has invested 5.1 billion yuan. It is hoped that Yangtze River Motors can achieve rapid development and is the first batch of new energy vehicle companies to obtain approval from relevant national departments. However, what is unexpected is that in just 4 years, Yangtze River Automobile spent all of 5.1 billion, and ultimately failed to develop competitive electric vehicle products. Moreover, in this branch, there is already BYD. This giant car company. Therefore, it is difficult for Yangtze River Automobile to get a share in this market, and it can only face being eliminated in the end.
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